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    3. RedotPay Delays US IPO Plans Until Next Year and Beyond

    RedotPay Delays US IPO Plans Until Next Year and Beyond

    By: rootdata|2026/08/14 09:47:37
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    Stablecoin payment company RedotPay has postponed its plans to go public in the United States due to the need for regulatory approval and to address legal issues, with the IPO potentially delayed until next year or later. The company must first obtain regulatory approval from the countries in which it operates before proceeding with the IPO. An entity associated with Binance is suing RedotPay's founder for allegedly transferring hundreds of thousands of users to a competing product, with claims amounting to nearly $500 million. A spokesperson for RedotPay stated that the company is focused on global compliance and business growth, noting that recent user numbers, revenue, profit, and profit margins have all reached record highs. The spokesperson also mentioned that the company has obtained a money transfer license in the United States this week and will actively respond to the lawsuit initiated by Binance.

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